This settlement resolves two federal and state securities fraud class action lawsuits on behalf of investors who purchased or otherwise acquired Full Truck Alliance Co. Ltd. (“FTA”) (NYSE: YMM) American Depositary Shares (“ADS”) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the initial public offering on or about June 2021 (“IPO”), between June 22, 2021 and July 2, 2021, inclusive (the “Class Period”).
FTA agreed to pay $10,250,000 to resolve these class action lawsuits alleging the company and certain of its officers and/or directors violated securities laws by making false or misleading statements.
What’s the status of the Settlement?
On September 4, 2024, the Court granted Final Approval of the Class Action Settlement. This action has concluded.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired FTA ADS pursuant and/or traceable to the Registration Statement issued in connection with the IPO between June 22, 2021 and July 2, 2021, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $10,250,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim was July 23, 2024. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.FTASecuritiesSettlement.com, or contact the claims administrator, Gilardi & Co., at 1-866-688-4905.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.